#Bitcoin gave another re-test of 2023 close - told you this level will be played around for weeks and months till price finally find the direction. May I also point out that 4H chart looks a bit like inverted head and shoulders. Its not about the number of shoulders/swings but the structure itself - $BTC returned back above 42k after a dip and now look ready for pump towards 44500 (D FVG EQ).
While BTC look good for breakout, Dollar Index is doing that breakout right now. So continue Friday uncertainty when both stocks indices and DXY were moving in one direction. Therefore I believe NY session will give us a bit more clarity on what is going on. Till then crypto is relatively free.
#BTC Fibonacci levels:
* Equilibrium of Month range is at 43765. Low at 38555 and high at 48969
* Now in discount under 42533 and next level below is around 41k
* For bullish moves we can mark out 45k and 46.7k
Nearest levels to watch PA:
๐ธ46200 - 2022 open
๐ธ44780 - 2023 high
๐ธ43762 - month range EQ
โ๏ธ42314 - 2023 close
๐ธ41012 - month range 0.236
Trend: 4H โก๏ธ D โ๏ธ W ๐ผ M ๐ผ
๐ค F&G: 60 < 60 < 60 < 63 < 63
BTC+0.45%
